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closing at 12:30. the nordic markets all closed for trades today. italy closed for trade. the smi closed for trade. we've got the ftse 1100 a couple of points higher. the cac and the ibex 35 just off marginal marginally, as well. i would like to show you what type of performance we've had on a year-to-date basis. rising somewhere in the region of 15% since the beginning of this year. you will note that we have had had a bit of a rally heading towards december. the question is whether we'll see that continue into next year. looking at a slightly broader base, the 600 index here, year-to-date higher by 15%, as well. europe's largest economy, the german market seeing some pretty significant gains as well as the dow jones stocks 50 up by 50%. so this brings its up, can it really continue next year? that's when you want to glance at barons, indicating over the weekend you could be looking at a rally. 20% next year. they singled out a number of stocks that they mentioned next year. by the way, andrew one look like one of the little elves in denmark dressed in my parents' garden. it's very swee
that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching g
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
's highest military medal for action in italy. as a member of the senate, senator inouye continued his fierce defense of his state in his partnership with alaska. my preye predecessor, ted steve, knew senator inouye as his brother. they worked together and produced much good for both our states. that will last for generations. when i was elected to this office, senator inouye was one of the first members to reach out to me to ask how he could help. the unique thing about senator inouye was always his quiet approach to all the issues. he provided me quiet advice and helped me learn how this place works. many times i'd be down here at the podium and in the well here waiting for the vote to be tallied or members to vote, and snon senator inouye was come in, stand at the edge there and look up and just say, how's it going, alaska? and we would have a brief conversation and usually his words were land incredible insight -- it may not even be relevant to the topic that we were voting on, but he'd say something to me about something he knew i was working on. and he would just share a few words. i kn
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
with saving italy from a financial meltdown after stepping into the prime minister's role following the resignation of silvio berlusconi. monti's resignation sparked concern italy may slip back into a recession. president obama and member hers of the senate will gather today to say good-bye to
was a recipient of the medal of honor. he was wounded during combat in the po valley in italy, a short time and short distance away from where a young bob dole was also hit in combat. dole almost lost his arm. inouye lost his. while recuperating after the war, the two men struck up a lifelong friendship, served in the senate, of course, together. inouye was given the nation's highest military decoration. he was son of japanese immigrants who volunteered for service in the war and dedicated his life to public service in this country. he was a huge power in the senate on military issues. he was part of both the watergate and iran contra committees. the senior man, senior democrat in the senate, dan inouye of hawaii, was 88 years old. >>> congressman tim scott of south carolina is reportedly about to become the first black senator from the south since reconstruction. the governor of south carolina, nikki haley, has chosen scott to replace senator jim demint. scott is 47, he has a strong conservative voting record. the official announcement apparently comes tomorrow. there are four years remain
of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone sign this kid up. this is christian balkner, giving the tampa bay buccaneers cheerleaders a run for their money. check him out. ♪ >> he is good. they call christian little steer, named after the mascot captain steer. in case you're wondering, yes, he can definitely teach you how to dougie. he is good. >> who are you talking about? oh, there was a little boy there also? >> nice, matt. >> when you said check this out, these guys -- >> in about eight years, that kid will be not be -- >> turning around a lot. >> al roker has your forecast. al? >> thank you so much. we've been talking about this system. first of all, it dumped a ton o
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
.s. government in world war ii and was recognized for gallantry and leadership on the battlefield in italy. in that battle, young lieutenant inouye lost his right arm. while recovering from his wounds, he be friended a young soldier, a guy by the name of bob dole, a guy who he would partner with years later. in a same, bob doled called inouye one of the senate's giants. he pushed for hawaii statehood, became the state's first owed voting representative, taking his seat in congress on august 21st, 1959, the same day hawaii became a state. he was the first japanese american who serve in congress. he was elected to the senate in 1962 and he served there ever since. inouye served a lifelong bipartisan friendship with a newby senator, a guy by the name of alaska's ted steven. the two called each other brothers. inouye took part in two of the biggest senate hearings in the 21st century and became a familiar face to many americans. first, there was watergate. >> the committee to re-elect the president and file a report with the government accounting office indicating that the committee had a surp
both sides. >>> hi, i'm lieutenant colonel tammy dodson stationed in italy, want to send a special shout out to my little sister in alexandria, virginia. happy holidays! ó >>> this is fox 5 news at 10:00. >>> two prominent democratic senators say the tragedy at sandy hook elementary school in connecticut changed their stance on gun rights. virginia senator mark warner and west virginia senator joe manchin both now say they support sitter regulation of assault rifles. -- stricter regulation of assault rifles. in the past both men have been strong advocates of the nra. joining us tonight is josh horowitz, executive director of the coalition to stop gun violence and eric pratt, director of communications for gun owners of america. eric, let me start with you. what is your organization's response to the tragedy in connecticut? >> well, certainly our heart goes out to the families of the victims. i can definitely relate with what they're going through. i myself lost a child through a drowning accident and so i totally understand the angst and pain they're going through,
another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is classic negotiating. we have to be serious. this isn't just a game. we're not playing poker on a thursday night. if we don't get fix our fiscal problem, by the way to give republicans credit, i just don't want to attack them, they passed the ryan budget earlier this year and last year and that actually do
stocking suffer, the last headbangers". a dream cruise to italy pass injuries are fired up when they're sick. and stressful? i was at the mall. we're talk about the biggest pet peeves this time of the year. ♪ this christmas fire side blazing bright ♪ ♪ we're carolling through the night ♪ ♪ and this christmas ♪ axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarg
that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. finally there's apple. we've become addicted to apple. we are deeply focused on its decline whic
? we believe that every time italy and spain would have to raise money, do those deals, interest rates would shoot through the roof, bankrupting all involved, sovereign countries, companies, banks. instead, by letting cooler heads prevail through can kicking, smart private sector investors kicked the tires, not the cans, and they bought the debt. hit home runs every time they did. as rates came down hard, courtesy of bank backstop that did work. the europeans realized if they stopped the can kicking game cold like so many investors claimed they had to do, well, europe would go into severe depression. they didn't want that kind of austerity, their leaders bought time by kicking the can and that's what was most needed, time. they bought time. how well did it work? considering rates are not only not dramatically higher, they're dramatically lower, and the euro right now, strongest currency in the world. hmm, i thought the euro was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do
that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks so much
from florence italy to ft. lauderdale, florida, airbnb is looking for you. this online marketplace helps you rent a room or a house, and it is cheaper than most hotels. >> customers love it. some homeowners say it's helped them avoid foreclosure, but airbnb also had trouble with the law. we'll meet the founder and ceo. there he is. next on "cbs this morning." >> ♪ >>> airbnb is changing the travel business big time the same way that craigslist shook up classified ads. the website connects people who want to rent out a living space to travelers who need a place to stay. so, in just four years, airbnb has grown into one of the world's largest online marketplaces. co-founder and ceo, that would be brian chesky is here in studio 57. hello, brian chesky. >> hello. >> and congratulations to you. >> thank you. >> this is so cool. so, it's my understanding this company started, as many companies do with a personal issue for you that you were traveling to solve. >> yeah. i was living in san francisco with my roommate, joe, and we didn't have enough money for rent
wreck of the giant cruise ship costa concordia off the coast of italy. >> everybody was screaming out. all the passengers were running up and down. >> reporter: 32 people lost their lives. on an evening last february, 17-year-old trayvon martin was shot and killed in sanford, florida. >> he's been taken away from us. nothing can bring him back. >> osgood: neighborhood watch volunteer george zimmerman was charged with second degree murder. in march, the census bureau estimated that the world's population had hit the seven billion mark. up one billion from just 13 years ago. april saw the new one world trade center tower overtake the empire state building to become new york's tallest sky scraper. when completed it will be the tallest building in the united states. in may, people around the world were treated to a super moon. a full moon that looked all the larger because it was at its closest point to earth. in june, the supreme court upheld president obama's health care plan in a 5-4 ruling. >> 3:15 and 3:14 for a shooting at century theater. >> reporter: july saw a mass shooting at an
's day? with a vat of peanut butter and some scuba gear. >> at italy's mt. etna, it is erupting right now. >> magma. >> speaking of. >> i know you were a teen model. >> i was a teen model. just saying. >> i was a teen model, josh. just saying. i was a teen model. i'm just saying. >> are you okay? we have another hour left. >> ding. >> namaste. >> namaste. >> george stephanopoulos. george stephanopoulos. >> what does that mean? >> that's a good one. >>> the josh/sam bromance. >> i love you, sam. >> with these two, dancing in the window. >> i love you, josh. >> high-ten, sam. and the ball comes in like that. >> i'm singing and laughing -- >> in the rain. >> peekaboo. >> everything is better with bacon. >> josh, are you doing an interpretive moan? >> yes, i am. >> that was awesome. >>> we got game. >> please name this tv theme song. >> oh. >> yeah. >> bye, guys. >> lara? >> my buzzer doesn't work. >> go. robin? oh. >> "friends." >> he's going to do it. he's going to -- oh. >> i'm a falcon. >> okay. >> amy, go. >> go. >> go. >> we got it. >> yes. >> hey. >> i'm going to head out. >> here she
] the charmed memories collection at kay jewelers. each charm is hand-crafted in italy, and with hundreds of charms to choose from, the possibilities are endless. turn your special moments into charmed memories. one more reason kay is the number one jewelry store in america. these are for me, right? ♪ every kiss begins with kay >> a mix of rain andn sleet then changing over to all rain. icy roads >>> natalie and willie, over to you. >>> thank you, maria. coming up are you being watched? why the mannequin you're checking out at the mall could keep an eye on you. >> that's creepy. >>> a rare look inside the queen's wardrobe from her ma s majesty's royal dresser. first, this is "today" on nb mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >
that is remarkable about the life of dan inouye. the story of his service on the battlefields of italy, --, is indeed remarkable, the physical courage that he displayed in winning the medal of honor is alone enough to earn the title hero. but rising above his physical courage and the guts that he showed is the moral courage that it took for dan inouye and his fellow japanese americans to even set foot on that battlefield. what is it that spurs some of our countrymen to offer their lives in defense of a country that shuns them? where does that love of country come from? and how can we impart some of it to those who too often take this country for granted? it would be a wonderful tribute to dan inouye to seek out ways to encourage such service by future generations. dan inouye's work did not end when he took office -- off his soldier's union you uniform. in many ways, it was just beginning. forced by the loss of his arm to give up dreams of a medical career, he entered politics. his was one of the most remarkable careers of public service that our country has ever seen. we will miss dan inouye so much
. for example italy managed to auction some debt today, the longer end of the market. and there was no great move. can we have a look at that? there was no great move of the ten-year yield as a result. maybe we'll come back in a moment. let's just focus on the close out. >> the european markets are closing now. >> it is negative territory as you can see. the fiscal cliff of course plays a part in that taking some of those -- in many senses you could call it profit taking -- not in the case of spain where you see a major underperformance. >> let me say the german finance minister suggested he thought the worst of the eurozone crisis is now past. he said the government in athens knows it cannot financially over burden the rest of the eurozone countries and is acting as it should. he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happeni
. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just -- i don't know. i hesitate to say the word ridiculous, but it's just ridiculous to watch. so market participants, the short-term market participants are on the sidelines. i think we're looking at about a 12-month
this morning with breaking news from italy. >> a massive cruise ship, the costa concordia, turned on its side after running aground in january. 32 passengers and crew were killed, the captain says it was an accident, not a crime, but he now faces charges. the ship's captain is being investigated for manslaughter and abandoning ship. he claims he tripped and fell into a lifeboat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left stanford, florida, in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. trial is set for june. number two -- >>
a right hand at that point. he'd left it knitly, fighting for -- he'd left it in italy, fighting for this country. he broke barriers large and small throughout his life. but one of the things i loved about him was i saw that relationship with ted stevens. i still remember their desks were right across the aisle from one another. i remember them working and working and working together an owl kinds of legislation -- on all kinds of legislation. and they were brothers. and, you know, their love and friendship transcended partisan divide certainly, but also really they were totally for the national interest. and i think they set a great example for all of us, how we can work together. they didn't always agree. if you look at their voting record, they voted opposite each other a lot of times, but they worked together and they had an exemplary relationship that i think we can all follow. mr. president, i just want to say one or two more words. then i know i have other colleagues here that want to speak. we had senator inouye come to the senate prayer breakfast a few months ago. for th
harry reid. a tribute to his live 88 years. >> after being gravely wounded in italy inouye's arm was amputated. he spent 21 months recuperating from his wounds in an army hospital in michigan. during there he met a lifetime friend, future majority leader bob doyle, another young g. i. also wounded in the european theater. senator dole told senator inouye he bland to go to law school and eventually serve in congress. dan inouye what's elected to congress in 1959 as hawaii's first congressman. bob dole what's elected to congress a year later. senator inouye always joked, i went with the doyle plan and i beat him. three years later dan inouye what's elected to the senate and he's been a soft and powerful voice for the people of hawaii ever since. although senator inouye was an unabashed progressive democrat he always put his country first and his party second. dan was a vibrant and vital presence in the senate, and in death he will remain a legend. his last words on earth, aloha, and it's with a heavy heart that i and we bid aloha, goodbye, i love you to a friend and legend of the s
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
found humanity. ben wedeman, florence, italy. >> you will have to head to paris where it's hanging at the museum. >>> you're in the situation room. happening now, cooking up an explosive recipe for war. a bomb maker fighting the homemade grenades. plus, supreme court justice incites political controversy with comments that some consider rather anti-gay. >> and disturbing new allegations about the owner of the plane that crashed the superstar latina. i'm wolf blitzer. you're in the situation room. >> he was the elite of the elite. soaring to the top of the u.s. special forces unit known for taking out osama bin laden and achieving a near lifelong goal many could only dream of training for. now we're learning more about the u.s. navy s.e.a.l. who died in that successful mission to rescue an american held captive in afghanistan. brian todd is in that navy s.e.a.l.'s home town. what are you learning about him? >> reporter: people in this town of north huntington and adjoining town of irvin are reeling from this loss. they say the focus and determination that nicolas checque demonstrate
investors, not so sure. i wanted to show you the italian curve, italy and spanl wrapping up their fund-raising for the year. their auctions weren't all of that huge, but we are seeing yields fall, prices rise across the board as investors did show up. if we flip over to spain in particular, we can take a look at the three-year over here. a bid to cover ratio of 4.8%. one indication certainly of the kind of indications there are where the ecb is expected to be the most active if and when these countries have to access their bailout programs. now we're seeing prices in spain sell off a little bit. the ten-year, just under 5.4% is the level there. for the longer dated papers, investors are a little bit more wary. now, that news coming out of the euro group meeting, i wanted to show you the euro/dollar as we wrap up today's global market support. it's still down .1%, 1.3056. that would tell you that the resolution is largely priced in. now as focus moves into the start of next year, a couple of the key questions will be how much mario draghi follows ben bernan bernanke's caps, maybe even c
, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq up 22.5 points coming on some of this news that we may be getting closer on the fiscal cliff. let's check out what's going on in asia. hang seng was down off marginally. shanghai composite up marginally and the nikkei up as well. quickly in europe, you can take a look at what's going on there. the ftse up about 0.38%. cac flat, and the german dax up about 0.5. >> the white house is proposing a new deal to avoid the fiscal cliff. let's get to steve liesman with more of the details. >> you're surprised, aren't you? >> isn't it happening. >> soon as they want it done they can do it. >> you said it this morning. it's a fictitious thing. we're going to show you the movement in just a
in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a plan to show how he's really -- you know, you've got to negotiate harder. because look what i'm dealing with. >> these guys -- do you suddenly think they're saying, all of a sudden we're for taxes. no tax i
the aviation business of italy's avio for $4.3 billion. ge is trying to expand its participation in the jet propulsion market. they were once owned by fiat and is now controlled by a european private equity firm and research in motion reported a smaller than expected also for its latest quarter. the stock is under pressure as the company saw its first-ever drop in its subscriber rolls and said it would be changing its fee structure. that is something that brings in more than a third of the nephew. it's been seen as the one real stable piece of that business. we do have the ceo thorsten heins. he'll be joining us in just about 30 minutes to talk more about this. >> there's only ten days left now to prevent automatic tack hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disa
.s. and in the country around the country, i have different sparkling wines. i have chandon, proseco from italy. >> juliet: with a little straw there. >> fun minis. >> juliet: for people who have no desire to make their own drinks. thank you very much. we'll get all this information out on our web site. >> >> juliet: thank you so much. we're going to take a quick break. we'll be back in two minutes. stay with us [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. . . with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... grea
because i promised we would be when i was out here earlier with the foreign minister of italy, not to take away from the important focus we had on 2013, the year of cultural -- italian culture in america. i said i would be available for questions later. so here i am. once again, the republicans have isolated themselves on this middle income tax cut, the president is poised with his pen to sign it. it has passed the senate. democrats in the house are ready to vote for it. and the republicans in the house are resisting. do you remember last year when we went through this on the payroll tax? passed the senate, passed the president, ready to sign, the democrats in the house supporter -- supportive and they held out and held out until they couldn't hold out any longer. i don't know if they understand the impact of that uncertainty on america's households. i certainly hope they do. right now on the floor we're taking up a bill that -- a rule that will say we can continue until december 28 to bring up suspensions. however, they are -- there is more serious business we have to be dealing with, unl
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